LIC gets GST demand notice of Rs 105 crore

2 hours ago 1

Life Insurance Corporation of India (LIC) connected Wednesday said it has received a request announcement of astir Rs 105.42 crore for abbreviated outgo of Goods and Services Tax (GST) for 7 fiscal years.

The institution has received a communication/demand bid for involvement and punishment for respective states connected February 5, LIC said successful a regulatory filing.

The bid is appealable earlier the Commissioner (Appeals), Lucknow, it said.

The request announcement pertains to 7 fiscal years betwixt 2017-18 and 2023-24, it said.

The fiscal interaction of the request is to the grade of the GST, involvement and penalty. There is nary worldly interaction connected financials, operations oregon different activities of the corporation, it said.

*** Disclaimer: This Article is auto-aggregated by a Rss Api Program and has not been created or edited by Nandigram Times

(Note: This is an unedited and auto-generated story from Syndicated News Rss Api. News.nandigramtimes.com Staff may not have modified or edited the content body.

Please visit the Source Website that deserves the credit and responsibility for creating this content.)

Watch Live | Source Article